Our firm purchased Door locks as part of constructing a hospital building
Please advise
Can I classify locks under building as the locks are annexed to Building or
advise any
Thanks in advance
Replies (4)
Quick Summary
This discussion explores the capital expenditure classification for door locks purchased during hospital construction. The consensus suggests that unless the locks are of exceptionally high value and serve a primary security purpose, they are typically not classified as a standalone capital expenditure. Instead, for a self-constructing asset like a hospital building, these costs are often capitalised under 'furnitures and fixtures' as part of bringing the asset to its intended use.